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20130422
20130422
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the faa to halt the budget cuts. >> the faa has and should have exercised the discretion not to furlough air traffic controllers who never in the history have been furloughed before by any budget sequestration or any shutdown of the faa or anything like that. >> and even the white house admits this was never supposed to happen. at reagan national airport, i'm hampton pierson for "nightly business report." >> flying may be more difficult these days but there's good news for drivers. prices at the pump are down $.11 a gallon over the last two weeks and could fall by another.20 as we get closer to memorand e err memorial day. >>> leading sectors were energy and technology, ahead of the after the bell earnings. the dow ended the day 19 points higher and the s&p 500 added 7. the price of gold rebounded today, surging nearly $26 to $1,421 announced. but last week as the price of gold was falling, investors pulled $2.7 billion out of gold exchanged traded funds. most of the money was invested in international stock. >> turning to market focus. texas instruments reported the profits were higher
the stock is having such a tough time lately dropping below 400 just last week. >>> then the faa warning about long airport delays because of government budget cuts. but in addition to grounding your travel plans, the cuts could also prevent your portfolio from taking flight which we will look at coming up. >>> don't miss my exclusive interview coming up with johnson & johnson ceo alex gorsky. that stock hitting an all-time high today. how he plans to push it even higher. that and a lot more coming up on the "closing bell," most important hour of the trading day right now. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ is apple >>> apple is looking a little more polished today. the beaten down stock one
'll get the analyst behind that call ahead. >> also the sequester effect on travel. >> faa employee furloughs and our major airport delays and all in the future and former department of transportation inspector mary shafo live. another monday morning, david, in which you've propelled a major dow component, microsoft up over 4% on the news that an activist shareholder is buying a $2 billion stake. so i think by my calculations you've created on that report about $2.5 billion of value so far this monday morning. >> simon, it's the value being created by the news itself, not the fact that i've reported it and we've been able to tell people that value act, large activist fund that often does take large positions in companies and actually doesn't get active if things go their way have taken a $2 billion position. on a relative bases it's 1% or less than 1% overall is what it would amount to of the outstanding shares of microsoft. that being said, valueact does have a history of holding stakes for quite some period of time, monitoring those companies and their managements and then getting
air traffic controllers must take one day off a week. the faa said planes will have to take off and land more frequently. that would translate to potential longer lines at the airport. joining me is the spokesperson for sfo. can you give me an idea of how many travelers will be out on every given day or? >> what i can tell you, it's about a 10% of reduction. if i'm an air traffic controller, one of my days out of ten is reduced as the furlough. >> reporter: do you have any idea if this will impact the lines? >> i think where we might see some effect is more from the faa perspective. i don't know if it will affect the lines at the airport. but in terms of flight delays, if there's another airport that has congestion issues or staffing issues, even if we're fined locally, we may experience delays to and from the location. it's very much a nationwide issue. >> reporter: it's a juggling act for you. i think one of the things we can expect, there is a procedure we use and that requires an extra controller. not an issue today but if we have bad weather conditions, we might not be able
regulators around the world sign off on resuming flights. the faa says it will issue its final directive on the dream liner later this week. >>> gas prices could be cheaper on memorial day then they were at easter this year. drivers will pay $4.06 a gallon in san francisco. that is down three cents a gallon if you haven't noticed in the last week. analysts say the price could go down another 20 cents before the end of next month. that is because crude oil supplies is up. >>> time now 6:21. doctors they are warning teenagers not to do something that is becoming real popular among kids. what some teenagers are now doing and why doctors say it's very dangerous. >>> we have new information about the deadly avalanche in colorado over the weekend. we will tell you the reason the snow boarding group was exploring that back country. you kids should count yourselves lucky. we didn't have u-verse back in my day. you couldn't just... guys... there you are. you know you couldn't just pause a show in one room, then... where was i... you couldn't pause a show in one room then start playing it in anoth
-long delays because apparently the sequester is going to cause it. the f.a.a. beginning furloughs for employees, including 15,000 air traffic controllers. some say it's purely political. >> when the f.a.a. was shut down a few years ago, flights weren't affected. it seems to me like there is a request or directive out there to take steps so that passengers will be inconvenienced and that they'll call their elected officials to get them to take action. >>gretchen: some of the nation's busiest airport including in new york and washington already experiencing delays and longer wait times for security. >> real-life drama for actress reese witherspoon. the oscar winner arrested for disorderly conduct in atlanta after her husband was apparently pulled over for a d.u.i. as he was given a sobriety test reece reportedly got out of the car. the officers told her to get out of the car but she didn't listen. she said do you know my name? you'll be on the evening news. later she apologized. >>steve: is that her mug shot? >>gretchen: it was. >>steve: i think you're supposed to be looking at the
and pilot organizations are trying to stop the furloughs from happening by suing the faa but they are here and commercial flights really move flatly throughout the united states yesterday. but the real test will come together. that is because air traffic -- because of budget cuts all air traffic controllers must take one day off every two weeks. that means they will lose one traffic controller every day. santa rosa airport they were down at least one controller yesterday. folks there said they were concerned about safety and felt the government could have made cuts elsewhere. >> we are looking at a tiny percentage that needs if be reduced. it's ridiculous they can't do that. you and i can certainly if we want to take $5 off of our spending for lunch over a month, it's easy for us to do. >> reporter: yesterday sfo and ma theta san jose reported no problems. sources inside the air traffic control tower here said four workers were furloughed yesterday. we still have to find out how many are furloughed today. meanwhile 100 contract towers in small airports across the country are scheduled to s
Search Results 0 to 6 of about 7